Taylor Wimpey’s profit jumps over 20 per cent February 28, 2017 Taylor Wimpey left 2016 on a high, reporting this morning that its profits jumped more than 20 per cent last year. The figures Profit before tax jumped 21.5 per cent, from £603.8m in 2015 to £733.4m last year, and revenue rose 17.1 per cent year-on-year from £3.14bn to £3.68bn. Read more: Safe as houses? London [...]
For sale: The Cheesegrater – as British Land comes closer to flogging the Leadenhall Building for £1bn February 28, 2017 One of London's tallest buildings has been put up for sale by its owners – with reports suggesting it could go for as much as £1bn. British Land said this morning it is in "advanced discussions" regarding a sale of the Leadenhall Building, aka the Cheesegrater. Property bible CoStar said British Land had instructed agents to [...]
Out-Trumping Trump: How one company is getting more towers than Donald Trump February 28, 2017 Want to have as many tower blocks named after you as Donald Trump without having to build any of them? Forbes, the American business magazine publisher, has come up with a plan. The privately-owned company added property to its other three strategic pillars of print and digital media and branding back in 2013, with a plan to [...]
UK property sector pays tribute to the late Irvine Sellar February 27, 2017 Irvine Sellar, the man who built the Shard, has passed away after a short illness, aged 82. The news has come as a shock to many in the property industry, with tributes pouring in to honour the man who built the UK's tallest building during a recession. Nick Candy, chief executive of Candy Capital, said: [...]
There are now 11 house-hunters for every property on the market February 27, 2017 The UK's housing crisis is getting worse, new figures have suggested – with 11 house-hunters vying for every property on the market. Research by the National Association of Estate Agents (NAEA) suggested an average of 425 prospective buyers were registered to each estate agent branch in the UK in January, 10 per cent higher than [...]
Legendary developer behind the Shard, Irvine Sellar, has died aged 82 February 27, 2017 The property developer behind the Shard, Irvine Sellar, has died aged 82. The chairman of Sellar Group died yesterday morning after a short illness. His scheme for the UK's tallest building was given the green light in November 2003. It was completed in 2012, after four years of construction. Read more: Developer Irvine Sellar submits plans for [...]
Persimmon cements strong 2016 as pre-tax profit jumps 23 per cent and revenues rise February 27, 2017 No shaky foundations here. Persimmon has announced a rise in underlying profit of nearly a quarter and growing sales for 2016 too as the FTSE 100 firm built more homes. Shares were up 1.53 per cent in early trading to 2,056p. Read more: Persimmon lays some strong foundations for 2017 The figures Full-year revenue rose eight [...]
Opinion: If you’re an Airbnb host, there are a number of legal potholes that can catch you out if you’re not careful February 24, 2017 Airbnb is now a hugely popular online platform connecting would-be landlords (or “hosts”) with tenants (or “guests”). The site allows for the vetting of both hosts and guests through online reviews and provides hosts with insurance in case things go wrong. But that still leaves a number of legal snags, however, which can be easily [...]
Holiday Homes: Legal changes that may make Swiss property purchases more costly in future – here’s what you should be looking at February 24, 2017 If you have a yearning to buy a Swiss ski home, you might want to get your skates on. Since 2012 a law has prevented resorts from allocating more than 20 per cent of its new build properties to second home buyers, be they Swiss or foreign investors. Any development project already holding permission for [...]
How the Victorian obsession with a shade of green was driving them slowly insane February 24, 2017 Toward the end of the 19th century, a silent pandemic had swept the country. The deadly malaise is hinted at in writing of the time, and well documented in the journals of confounded medical practitioners. A mysterious sickness would strike without warning and seemingly at random, driving certain individuals mad and rotting their flesh, while [...]
